MMJ Business Daily

MA Poll: Opponents, Proponents of Legalization in Virtual Tie

Massachusetts voters are split down the center over whether to legalize marijuana, although the anti-legalization campaign appears to have gained ground, a new poll shows.

The Suffolk University/Boston Globe poll of 500 Bay State voters found that 45.8% opposed legalizing recreational marijuana, 43% supported it, and 11% were undecided.

The difference was within the poll’s 4.4% margin of error, indicating that supporters and opponents of a possible marijuana ballot measure in November are in a virtual tie.

The main advocates of legalization in Massachusetts – the Campaign to Regulate Marijuana Like Alcohol – must gather 10,792 valid signatures by early

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MA Poll: Opponents, Proponents of Legalization in Virtual Tie is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canadian MMJ Company Partners With Upstart Australian Firm

Canadian medical cannabis producer Canopy Growth Corp. has partnered with an upstart Australian medical marijuana company, AusCann, in a deal aimed at allow both companies to to expand internationally.

Under the terms of the agreement, Canopy will get a 15% ownership stake in AusCann, with an option to increase its share by an additional 5% more.

In exchange, Canopy will offer AusCann guidance on production, quality assurance and operations, as well as strategic advice, The Age newspaper of Melbourne reported. The Australian company is positioning itself to become an MMJ producer this year.

Australia legalized MMJ in

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Canadian MMJ Company Partners With Upstart Australian Firm is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Chart of the Week: Profitability in the Cannabis Industry

By Marijuana Business Daily staff

Despite all the challenges, regulations and roadblocks the cannabis industry faces, the vast majority of marijuana companies are actually doing well financially.

Nearly 90% of operating dispensaries and recreational marijuana stores, infused products companies and wholesale cultivators – the three pillars of the MJ trade – report that they are profitable or at least breaking even, according to the 2016 Marijuana Business Factbook.

The cultivation and infused products/concentrates sectors are particularly lucrative, with 29% of wholesale growers and 27% of infused companies saying that they are “very profitable.”

Cultivators can hit

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Chart of the Week: Profitability in the Cannabis Industry is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Congressman: Law Enforcement Should Drop San Diego MMJ Case

A California congressman is calling on the San Diego law enforcement community to abandon its case against a medical cannabis product wholesaler, following the U.S. D. Department of Justice’s decision this week to drop its lawsuit against Harborside Health Center in Oakland.

“The DOJ should never have brought charges in the first place,” Rep. Dana Rohrabacher said in a statement shared with Marijuana Business Daily, in reference to the Harborside case. “Other federal agencies and law enforcement throughout the state and the country should pay close attention and withdraw from their overzealous persecution and prosecution of the

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Congressman: Law Enforcement Should Drop San Diego MMJ Case is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

NM’s Auditor Raises Concerns About Medical Cannabis Audits

New Mexico’s state auditor has asked two state agencies to look into the actions of a local medical marijuana executive who doubles as an accountant and is accused of a possible conflict of interest tied to her audit work.

Kevin Sourisseau, director of special investigations in the auditor’s office, sent letters to the state’s health department and the public accountancy board, voicing concerns that Vivian Moore, a certified public accountant, may have caused a conflict of interest by conducting independent audits of MMJ producers, according to NM Political Report.

Moore also is executive director of Mother Earth Herbs, a dispensary

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NM’s Auditor Raises Concerns About Medical Cannabis Audits is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Three More Michigan Marijuana Dispensaries Raided

Michigan state police and FBI agents raided three medical marijuana dispensaries in the state capital belonging to a local dispensary business, the latest action by law enforcement against MMJ in the Great Lakes State.

Broadcaster WLNS said agents this week seized marijuana plants, supplies, cash and personal belongings from three dispensaries owned by Lansing-based HydroWorld.

The raid occurred days before Lansing lawmakers consider a moratorium on medical marijuana shops in the city.

The federal Drug Enforcement Administration, which was also reportedly involved in the raids, executed search warrants on the three dispensaries, WLNS reported.

HydroWorld owner Danny Trevino, dubbed

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Three More Michigan Marijuana Dispensaries Raided is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Week in Review: NH’s New Medical Cannabis Biz, OR’s Rec Market Takes it Slow & Harborside’s Founder Sleeps In

By John Schroyer and Omar Sacirbey

New Hampshire’s first dispensaries open, Oregon’s new recreational market takes baby steps, and Harborside Health’s founder gets some shut eye after the feds drop a big lawsuit.

Here’s a closer look at several notable developments in the marijuana industry over the past week.

New Hampshire’s New Market

Tiny New Hampshire won’t be boasting it has the nation’s biggest medical marijuana market. But the Granite State’s MMJ business got off to a promising start this week, as the first two dispensaries began accepting patients.

Looking ahead, locals are betting the patient count

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Week in Review: NH’s New Medical Cannabis Biz, OR’s Rec Market Takes it Slow & Harborside’s Founder Sleeps In is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Colorado Rejects Organic Labeling for Marijuana

Colorado state lawmakers have rejected legislation to certify organic marijuana, because of worries the label would imply MJ is healthy.

A senate panel this week killed the bill 4-3. It would have made Colorado the first state in the nation to offer organic certification for cannabis grown without pesticides, the Associated Press reported.

Some lawmakers worried the label would suggest marijuana is a health product without adverse effects.

Others voiced concerns the U.S. Department of Agriculture would penalize Colorado agriculture regulators for labeling a federally illegal substance as organic. The federal government regulates organic standards.

Ben Gelt of the Denver-based

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Colorado Rejects Organic Labeling for Marijuana is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Top Canadian Pharmacy Exec: Let Us Dispense MMJ

The head of Canada’s largest drugstore and grocery chain made clear his company is keen to get into the business of dispensing medical marijuana to patients.

Galen Weston, president and executive chairman of Loblaw, said today his company is “open to dispensing medical marijuana in all forms” and that pharmacists are well suited for the job, The Star reported.

“We’re an industry that is extremely effective at managing controlled substances,” Weston said after the company’s annual meeting.

“It gives pharmacists the opportunity to work directly in real time with patients as opposed to doing it through the mail, working

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Top Canadian Pharmacy Exec: Let Us Dispense MMJ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

First Dispensaries Open in New Hampshire

New Hampshire’s medical marijuana market is now officially up and running.

The first two dispensaries in the state have opened their doors, nearly three years after New Hampshire lawmakers legalized medical cannabis.

The move brings another new MMJ market into the fold, although it will be a small one for the foreseeable future.

The Sanctuary Alternative Treatment Center opened April 30 in Plymouth, in the north-central part of the state, after receiving its final registration certificate from the state.

Sanctuary served more than 40 patients on its first day, according to the Manchester Union Leader. For now, the

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First Dispensaries Open in New Hampshire is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs